Acquisitions and Operations
Stonemont Capital acquires businesses with a track record of cash flow, then adds value through operations and capital improvements. We started in boutique hospitality, and we bring the same discipline to every business we buy.
The Marlo, Solvang CA
Stonemont Capital buys real estate and the businesses that run on it, and takes select fund positions. Every investment is underwritten to a minimum 20% IRR.
Hygge-centered boutique retreat with 24 units in the heart of Danish California. Renovated rooms and courtyard suites, dog-friendly, walking distance to Solvang’s wine country and village shops. Acquired 2024 and operated with a management partner.
Direct equity ownership in a boutique hospitality property in San Antonio, Texas, managed in house. First acquisition in the Stonemont portfolio. Acquired 2022.
Luxury glamping resort on 8.14 acres adjacent to Sam Houston National Forest. Five architect-designed A-frame cabins, 4.95-star rating. We partnered with an operator to acquire the operating business in 2026.
A mastermind community for boutique hotel and micro resort investors. 38 hotels across the community and $23M in student deal volume.
Our operating company that manages real estate assets.
Boutique inn on the Lost Coast of Northern California. LP equity position. Acquired August 2022.
Boutique hotel in San Clemente, California’s surf city. LP equity position. Acquired April 2025.
Boutique villa property on the Sonoma Coast. LP equity position. Under contract April 2026.
Gideon Spencer started investing in hospitality assets on the premise that the sector was fundamentally misunderstood — that the real returns weren’t in large hotel flags or institutional multifamily, but in the category between the two: boutique hotels in markets where supply can’t grow, and unique micro resorts built in markets where demand far outweighs what exists.
Over the past several years, he’s built an $11M portfolio across 10 investments, including The Marlo, a boutique hotel with 24 units in Solvang, and Babia, a luxury glamping resort in Montgomery, TX.
Stonemont Capital is where he applies institutional underwriting discipline to that thesis, now across hospitality and the local businesses that serve growing markets.
$11M portfolio across 10 investments, including 3 operating acquisitions: The Quad (2022), The Marlo (2024), and Babia (2026)
Founder, Incredible Hospitality Mastermind — 38 hotels across the community, 200+ investors trained
Host, Incredible Hospitality Podcast — 86 episodes, 5 stars, 98 ratings
$23M in student deal volume across 200+ STR and boutique hotel investors trained
We buy from owners who care what happens next. We pay attention to your team, your customers and your name after the sale, and we plan the transition with you.
Whether you own a business, represent one, or want to talk about an acquisition, we'd like to hear from you.